MEXICO SECTOR NEEDS TO DELAY USMCA FULL IMPLEMENTATION TO ALLOW TIME TO INVEST IN COST EFFICIENCIES
October 2nd, 2020
The Mexican auto industry should be able to preserve its critically important USA export sales if it implements the new labour wage and origin components of the United States-Mexico-Canada Agreement (USMCA) slowly and steadily, allowing time to invest in technological efficiencies, experts predict. (1)
According to Spain and Mexico-based H2G Consulting, 3.2 million of the 3.7 million vehicles produced in Mexico in 2019 were exported, with 90% of these sent to the USA and Canada.
And while the USMCA (called T-MEC in Mexico Tratado entre México, Estados ...
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